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News Release from: Venture Development Corp
Edited by the Electronicstalk Editorial
Team on 22 June 2004
Defence sector to lead ruggedised
computing growth
North American and Western European market demand for ruggedised/industrial computer systems is expected to grow at a CAGR of 4.4% between 2003 and 2006, according to a recent report.
North American and Western European market demand for ruggedised/industrial computer systems is expected to grow at a compound annual growth rate (CAGR) of 4.4% between 2003 and 2006, according to a recent report by Venture Development Corp The report, entitled "North American and Western European market demand for ruggedised/industrial computer systems", predicts increases in all sectors, with: defence and aerospace increasing from $635 million to $735 million; industrial automation, control and instrumentation rising from $484 million to $537 million; communications up from $341 million to $389 million; medical, laboratory and scientific increasing from $97 million to $110 million; and energy, utilities and transportation infrastructure rising from $91 million in 2003 to $102 million in 2006
This article was originally published on Electronicstalk on 17 Dec 2004 at 8.00am (UK)
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Through the late 1990s, communications showed the greatest demand for ruggedised computer systems.
However, this market segment underwent a well-documented contraction between 2000 and 2004.
The communications market segment is now beginning to recover, but growth expectations through 2006 remain modest at 4.5%.
The latest VDC research forecasts that defence and aerospace markets will experience the highest growth rates, climbing 5.0% through 2006.
Factors driving demand in defence and aerospace applications include: the changing worldwide political environment, which has impacted defence budgets, particularly in regards to countries acquiring more weapons; and expanding use of computers, as controllers, in defence and aerospace systems.
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